Overseas Chinese Acquisitions Valued at $75 Billion Were Cancelled Last Year
Chinese overseas deals which were worth almost $75 billion were cancelled last year as a result of clampdown on regulations and restrictions on foreign exchange. This caused 30 acquisitions with European and US groups to fall through.
“Chinese overseas deals which were worth almost $75 billion were cancelled last year as a result of clampdown on regulations and restrictions on foreign exchange.”
These figures reveal an seven fold increase in the value of cancelled deals from about %10 billion in 2015. Inspite of the cancelled deals, analysis by Baker McKenzie and Rhodium also shows that Chinese direct investment into US and Europe have more than doubled to $94.2 billion in 2016.
The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals. Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.
Get The Wealth Insider Daily
- For Press Release, please contact email@example.com
- For Media-related enquiries, please contact firstname.lastname@example.org
- For Advertisement, please contact our official ad agency